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Superannuation fund Australian Retirement Trust has acquired a 48.5 per cent interest in Mirvac’s $1.7 billion build-to-rent fund.
Ashurst boosts cross‑border projects team with partner hire from NRF
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Ashurst has nabbed a partner from Norton Rose Fulbright to join its global projects and energy transition team.
Judge ‘very uncomfortable’ with funder’s novel costs bid in KPMG class action
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A judge has expressed concerns about a funder’s novel application for its costs in a partially settled shareholder class action over the collapse of mining company Cudeco, saying everyone was getting a payday except group members.
Grill’d served with class action over staff rest breaks
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A new class action targeting Grill’d alleges the burger chain wrongly denied thousands of workers the rest breaks they were entitled to under enterprise bargaining agreements.
Drug makers back in court five years after settling case over Merck TM
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German drug maker Merck KGaA is fighting US drug company Merck Sharp & Dohme over the alleged use of the ‘Merck’ mark in Australia, five years after their intellectual property spat was settled.
Bendigo Bank faces regulatory action for risk management weaknesses
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AUSTRAC has launched an investigation into Bendigo and Adelaide Bank’s compliance with anti-money laundering laws, as APRA directs the bank to hold a capital add-on of $50 million.
Optus Triple Zero outage review finds ‘at least ten mistakes’
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An investigation commissioned by Optus into its fatal Triple Zero outage in September has found “at least 10 mistakes” made by the telco’s personnel and contractor Nokia, which was upgrading the network at the time.
Netwealth admits First Guardian failures in ASIC case, will pay $100M
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Super trustee Netwealth has agreed to return over $100 million to members who invested their retirement savings in the First Guardian Master Fund, in the latest action by the corporate regulator over the failed fund.
ACCC opposes Yamaha’s bid to acquire boat maker Telwater
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The ACCC has opposed Yamaha Motor’s proposed acquisition of aluminium trailer boat maker Telwater, saying it would result in the substantial lessening of competition in the wholesale supply of outboard motors.
Insurers lose bid to join MTR, UGL to case over Northwest Rail Link
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A group of insurers can’t join Northwest Rail Link joint venture partners MTR and UGL to a suit by CPB Contractors and John Holland over a $100 million policy, with a judge saying the joint venture’s interests in the case are commercial rather than legal.